For the sake of this example, let's assume I am brewing and selling 1,000 bbl per year all through a taproom in Minneapolis, MN.

My understanding of the associated licensing fees and excise taxes is as follows:

Licensing Fees

• Federal TTB Brewer’s Notice: $1,000 Surety Bond

• Minnesota state license for “Manufacturers & Wholesalers of beer of more than 3.2% ABW”: $1,000 Surety Bond

• Minnesota Annual License fee for “Brewers manufacturing less than 2,000 barrels of malt liquor per year”: $150 fee per year

• Brewer Taproom License (issued by the City of Minneapolis, not the State of Minnesota): cost unknown???

Excise Taxes

• Federal Excise Tax is $3.50 per bbl on the first 60,000 barrels for domestic brewers producing less than 2 million barrels annually, effective January 1, 2018: thus $3.50 per bbl * 1,000 bbl = $3,500

• Minnesota Excise Tax: Brewers who produce less than 250,000 barrels annually are exempt from any Minnesota state excise tax (normally it is $4.60 per barrel but there is an equal offsetting tax credit for small brewers less than 250,000 barrels annually): thus $0

Do I have this correct?

Is there anything else I am missing?

Thank you in advance for any insight you can provide. Very much appreciated.
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